Xometry Announces $75 Million Equity Round Led by T. Rowe Price Funds September 10, 2020 Xometry, an on-demand manufacturing marketplace, announced that it has completed an $75 million equity round, led by funds and accounts advised by T. Rowe Price Associates Inc. Durable Capital Partners LP and ArrowMark Partners.
Kennametal Introduces Flat Bottom Geometry for KenTIP FS September 9, 2020 New replaceable drill tip saves tooling costs and eliminates process steps
AI Enters Inspections September 8, 2020 An Israeli company has developed new artificial intelligence technology that promises to dramatically change how original equipment manufacturers and their suppliers conduct quality control inspections.
A Playbook for Manufacturers Fighting COVID-19 August 26, 2020 When an unanticipated global crisis like the COVID-19 pandemic disrupts national economies in a domino-like effect, a rapid response is required to mitigate supply chain disruptions.
Moldmakers Power Up With Advanced Tech August 21, 2020 Complex molds containing cores and cavities with fine details and demanding surface finish requirements for injection molding, blow molding, glass molding or blow molding parts require high accuracy for use in automotive, medical, aerospace, or consumer products.
Making Parts for Next-Gen Vehicles August 18, 2020 Tesla and the march to all-electric cars and trucks may get most of the press. But the reality is that most U.S. automakers need to tackle the twin challenges of building both new components unique to electric vehicles while also building internal combustion engines (ICEs) that are ever-more fuel efficient.
Auto Industry Gets Back Into Gear Following COVID-19 Shutdown August 17, 2020 The North American auto industry slammed on the brakes in March because of the novel coronavirus (COVID-19). The sector already had been forecast to slow down in 2020, with lower light-vehicle demand. That turned into a sudden stop as the coronavirus spread.
Machine Tool Processes Depend on Creative Enablers July 30, 2020 It is fair to say that IMTS, virtual or otherwise, presents the ultimate manufacturing tool box, where shops can find the newest, most innovative and proven devices for holding, moving, cutting, bending and inspecting workpieces.
BIG Kaiser Celebrates 30 Years August 7, 2020 BIG Kaiser Precision Tooling Inc., Hoffman Estates, Illinois, a manufacturer of premium high-precision tooling systems and solutions for the metalworking industries, is celebrating its 30th anniversary.
NCDMM Announces Organizational Restructuring August 14, 2020 The National Center for Defense Manufacturing and Machining (NCDMM) announced on August 13 the restructuring of its organizational operations to include a new holding company and a subsidiary/sister company to support its long-term growth strategy within the global advanced manufacturing industry.
